CFPB Lowers Credit Card Late Fees

Details Written by: RJ The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers. The rule will curb fees that cost American families more than $14 billion a year. The CFPB estimates that American families will save more than…

US Bank Potentially Nerfing Altitude Go & Connect

Details Written by: RJ A source reached out with changes coming to US Bank cards. Letters have started to go out to cardholders starting this month. The changes would be effective 9/9/24. Altitude Go 2x categories are getting nerfed. Will no longer include wholesale clubs, super centers, or grocery store gas stations Altitude Connect Annual…

American Express Third Party Data Breech

Details Written by: RJ American Express is alerting some cardholders of a data breech. The breech was on a merchant processors end and not the American Express side. WHAT HAPPENED? Protecting the security of our Card Members’ information is very important to us and we strive to let you know about security concerns as soon…